bolttech, a global InsurTech provider focused on building a technology-enabled ecosystem for protection and insurance, has announced the successful closure of its Series C funding round.
The funding round, led by Dragon Fund—a collaboration between Liquidity and MUFG—alongside Baillie Gifford and Generali’s Lion River, raised over $100m. The investment brings bolttech’s valuation to $2.1bn.
The company, operating across more than 35 markets in Asia, Europe, North America, and Africa, powers connections between insurers, distributors, and customers. Its digital and data-driven capabilities simplify and streamline the purchase and distribution of insurance products globally.
The Series C funding will be directed towards enhancing bolttech’s platform capabilities, expanding its global market presence, and accelerating the delivery of tailored, affordable, and accessible insurance products. The investment underscores bolttech’s ambition to revolutionise the future of embedded insurance, an industry with a global market potential exceeding $70bn.
Ridhi Chaudhary, CIO of Dragon Fund, commented, “We are excited to lead bolttech’s Series C round. In a short time, bolttech has become a leading, embedded insurtech player with global presence and scale. We are impressed by its tech capabilities and execution. I look forward to joining the Board of Directors and supporting its next phase of growth.”
Aakash Tulsani, managing director at Dragon Fund, added, “bolttech’s differentiated technology and program management solution integrates insurance into customer purchase journeys, enhancing access to affordable, customized products. As a technology-first provider, bolttech is well positioned to shape the future of embedded insurance, a $70B+ addressable market globally.”
The funding also received endorsements from Baillie Gifford. Investment manager Hendrik Borginon stated, “bolttech is a pioneering force in the embedded insurance space. By enabling seamless integration of insurance products into their distribution partners, bolttech is transforming how insurance is bought and sold globally. With a highly experienced team at the helm, we are optimistic about their potential to drive significant growth and profitability in the coming years.”
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